Forex: USD/CHF Technical Analysis – Selloff Slows Below 0.89 Mark
To receive Ilya's analysis directly via email, please SIGN UP HERE
- Prices broke support in the 0.8889-0.8901 area (Oct 24 low, 61.8% Fib exp.)
- Sellers now target 0.8818 (76.4% Fib exp.); below that exposes 0.8685 (100% Fib)
- Turning above 0.8901 targets 0.8934 (channel bottom), 0.8967 (50% Fib exp.)
Confirm your chart-based trade setups with the Technical Analyzer.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
Contact and follow Ilya on Twitter: @IlyaSpivak
New to FX? START HERE
For live market updates, visit the Real Time News Feed
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.